Former Dewey chairman Davis agrees six-figure SEC settlement over firm's 2012 collapse

Former Dewey leader agrees civil penalty over role in world’s largest-ever law firm failure

Former Dewey & LeBoeuf chairman Steven Davis has agreed to pay a $130,000 civil penalty in a settlement with the US Securities and Exchange Commission (SEC), according to newly filed court papers, the largest fine so far to come out of the SEC’s case against five leaders of the now-defunct firm.

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